10-K Filing

HAWKEYE SYSTEMS, INC. CIK: 1750777 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001477932-22-009275`
Period End Date	20220630
Filing Date	20221214
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	hwke_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 44 Cash Flow Statement 81 Stockholders Equity 25

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$325.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$282.13K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.33K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.66K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$285.13K	USD	Point-in-time
Investment in HIE	`Investments`	$245.67K	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Investment in HIE	`Investments`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total assets	`Assets`	$1.66K	USD	Point-in-time
Total assets	`Assets`	$530.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.60M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$133.09K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$273.59K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$500.00K	USD	Point-in-time
Convertible note payable, net of discount - related party	`ConvertibleNotesPayable`	$450.93K	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit - related party	`LinesOfCreditCurrent`	$265.00K	USD	Point-in-time
Inventory financing payable - related party	`InventoryFinancingPayableRelatedParty`	-	USD	Point-in-time
Inventory financing payable - related party	`InventoryFinancingPayableRelatedParty`	$500.00K	USD	Point-in-time
Common stock payable	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Common stock payable	`AdditionalPaidInCapitalCommonStock`	$200.00K	USD	Point-in-time
Common stock payable - related party	`CommonStockPayableRelatedParty`	$277.00K	USD	Point-in-time
Common stock payable - related party	`CommonStockPayableRelatedParty`	$624.34K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.66M	USD	Point-in-time
Loan payable to Eagle - JV partner	`LoanDueToEagle`	$442.25K	USD	Point-in-time
Loan payable to Eagle - JV partner	`LoanDueToEagle`	$707.65K	USD	Point-in-time
PPP loan	`PppLoan`	-	USD	Point-in-time
PPP loan	`PppLoan`	$16.98K	USD	Point-in-time
Total liabilities	`Liabilities`	$2.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.29M	USD	Point-in-time
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 50,000,000 shares authorized; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 25,604,148 and 17,921,148 shares issued and outstanding, respectively	`CommonStockValue`	$2.56K	USD	Point-in-time
Common stock, $0.0001 par value, 400,000,000 shares authorized; 25,604,148 and 17,921,148 shares issued and outstanding, respectively	`CommonStockValue`	$1.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.71M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.75M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$159.07K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$530.80K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.66K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`Revenues`	$2.56M	USD	Annual
Sales	`Revenues`	-	USD	Annual
Cost of sales	`CostOfRevenue`	$2.58M	USD	Annual
Cost of sales	`CostOfRevenue`	-	USD	Annual
Gross profit (loss)	`GrossProfit`	-	USD	Annual
Gross profit (loss)	`GrossProfit`	$-19.93K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$166.71K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$284.75K	USD	Annual
Management compensation	`OfficersCompensation`	$897.65K	USD	Annual
Management compensation	`OfficersCompensation`	$799.59K	USD	Annual
Professional fees	`ProfessionalFees`	$78.81K	USD	Annual
Professional fees	`ProfessionalFees`	$173.23K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$367.23K	USD	Annual
Professional fees - related party	`ProfessionalFeesRelatedParty`	$61.50K	USD	Annual
Marketing	`MarketingExpense`	$5.81K	USD	Annual
Marketing	`MarketingExpense`	$94.81K	USD	Annual
Write-down of inventory	`WriteDownInventory`	$883.47K	USD	Annual
Write-down of inventory	`WriteDownInventory`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.58M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.23M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-2.60M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.23M	USD	Annual
Interest expense	`InterestExpense`	$14.61K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense - related party	`InterestExpensesRelatedParty`	$95.36K	USD	Annual
Interest expense - related party	`InterestExpensesRelatedParty`	$180.31K	USD	Annual
Financing expense	`FinancingInterestExpense`	$65.40K	USD	Annual
Financing expense	`FinancingInterestExpense`	-	USD	Annual
Financing expense - related party	`FinancingExpenseRelatedParty`	-	USD	Annual
Financing expense - related party	`FinancingExpenseRelatedParty`	$-1.51M	USD	Annual
PPP loan forgiveness	`PppLoanForgiveness`	-	USD	Annual
PPP loan forgiveness	`PppLoanForgiveness`	$-17.29K	USD	Annual
Gain (loss) on investment in HIE	`UnrealizedGainLossOnInvestments`	$19.74K	USD	Annual
Gain (loss) on investment in HIE	`UnrealizedGainLossOnInvestments`	$-461.99K	USD	Annual
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	Annual
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-370.27K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-58.33K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-2.60M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.29M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.20M	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.06	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerSharesBasicAndDiluted`	$-0.31	USD	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	16.78M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	23.12M	shares	Annual

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.29M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.20M	USD	Annual
Depreciation	`Depreciation`	$737.00	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
PPP loan forgiveness	`PppLoanForgiveness`	-	USD	Annual
PPP loan forgiveness	`PppLoanForgiveness`	$-17.29K	USD	Annual
Bad debt	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Bad debt	`ProvisionForDoubtfulAccounts`	$79.00K	USD	Annual
Write-down of inventory	`InventoryWriteDown`	$883.47K	USD	Annual
Write-down of inventory	`InventoryWriteDown`	-	USD	Annual
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	Annual
Loss on settlement of debt	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-370.27K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$119.76K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Stock based compensation - options and warrant	`ShareBasedCompensation`	$2.05M	USD	Annual
Stock based compensation - options and warrant	`ShareBasedCompensation`	$482.20K	USD	Annual
Common stock issued and warrants issued for services	`CommonStockIssuedAndWarrantsIssuedForServices`	$146.56K	USD	Annual
Common stock issued and warrants issued for services	`CommonStockIssuedAndWarrantsIssuedForServices`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-31.34K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-373.96K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$3.67K	USD	Annual
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$541.00	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.40K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$296.28K	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	-	USD	Annual
Common stock payable	`IncreaseDecreaseInCommonStockPayable`	$3.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.95M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-527.07K	USD	Annual
(Gain) loss on investment in HIE	`UnrealizedGainLossOnInvestments`	$19.74K	USD	Annual
(Gain) loss on investment in HIE	`UnrealizedGainLossOnInvestments`	$-461.99K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.74K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$461.99K	USD	Annual
Sales of common stock and warrants, net of issuance costs	`SalesOfCommonStockAndWarrantsNetOfIssuanceCosts`	-	USD	Annual
Sales of common stock and warrants, net of issuance costs	`SalesOfCommonStockAndWarrantsNetOfIssuanceCosts`	$20.00K	USD	Annual
Issuances of notes payable, net of financing costs	`IssuancesOfNotesPayableNetOfFinancingCosts`	-	USD	Annual
Issuances of notes payable, net of financing costs	`IssuancesOfNotesPayableNetOfFinancingCosts`	$16.98K	USD	Annual
Net proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$1.00M	USD	Annual
Net proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayment of notes payable - related party	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of notes payable - related party	`RepaymentsOfNotesPayable`	$500.00K	USD	Annual
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Net proceeds from line of credit	`ProceedsFromLinesOfCredit`	$265.00K	USD	Annual
Net proceeds from convertible note - related party	`NetProceedsFromConvertibleNoteRelatedParty`	-	USD	Annual
Net proceeds from convertible note - related party	`NetProceedsFromConvertibleNoteRelatedParty`	$250.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$67.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$389.34K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$854.48K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-281.81K	USD	Annual
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-629.62K	USD	Annual
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$282.13K	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$911.75K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$282.13K	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$325.00	USD	Point-in-time
Cash end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$911.75K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	Annual
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	-	USD	Annual
Common stock issued on conversion of note payable	`CommonStockIssuedOnConversionOfNotePayable`	$535.98K	USD	Annual
Common stock issued for settlement of accounts payable	`DebtConversionConvertedInstrumentSharesIssued`	$30.00K	USD	Annual
Common stock issued exchanged for common stock payable	`CommonStockIssuedExchangedForCommonStockPayable`	$162.00K	USD	Annual
Common stock issued exchanged for common stock payable	`CommonStockIssuedExchangedForCommonStockPayable`	$477.00K	USD	Annual
Common stock issued for accrued salary	`ProceedFromCommonStockIssuedForAccruedSalary`	-	USD	Annual
Common stock issued for accrued salary	`ProceedFromCommonStockIssuedForAccruedSalary`	$180.00K	USD	Annual
Replacement of Inventory financing payable to convertible note	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Replacement of Inventory financing payable to convertible note	`RepaymentsOfConvertibleDebt`	$500.00K	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	-	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	$117.76K	USD	Annual
Reclassification from note payable related party to stock payable	`ReclassificationFromNotePayableRelatedPartyToStockPayable`	-	USD	Annual
Reclassification from note payable related party to stock payable	`ReclassificationFromNotePayableRelatedPartyToStockPayable`	$200.00K	USD	Annual
Reclassification from common stock to be issued to common stock	`ReclassificationFromCommonStockToBeIssuedToCommonStock`	-	USD	Annual
Reclassification from common stock to be issued to common stock	`ReclassificationFromCommonStockToBeIssuedToCommonStock`	$109.50K	USD	Annual
Debt forgiveness	`DebtForgiveness`	$20.93K	USD	Annual
Debt forgiveness	`DebtForgiveness`	$17.29K	USD	Annual
Stock option cashless exercised	`ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice`	$627.00	USD	Annual
Stock option cashless exercised	`ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`StockholdersEquity`	$-1.75M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time
Common shares issues for stock to be issued, amount	`CommonSharesIssuesForStockToBeIssuedAmount`	-	USD	Annual
Common shares issued for conversion of debt, amount	`CommonSharesIssuedForConversionOfDebtAmount`	$525.98K	USD	Annual
Common stock and warrants issued for cash, amount	`CommonStockAndWarrantsIssuedForCashAmount`	$20.00K	USD	Annual
Common stock and warrants issued for services - related parties, amount	`CommonStockAndWarrantsIssuedForServicesRelatedPartiesAmount`	$146.56K	USD	Annual
Stock based compensation - options	`StockBasedCompensationOptions`	$482.20K	USD	Annual
Stock based compensation - options	`StockBasedCompensationOptions`	$485.45K	USD	Annual
Stock based compensation - warrants	`StockBasedCompensationWarrants`	$1.56M	USD	Annual
Debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$20.93K	USD	Annual
Warrants exercised for cash, amount	`StockIssuedDuringPeriodValueStockOptionsExercised`	$67.50K	USD	Annual
Common stock issued for settlement of debt, amount	`ProceedsFromIssuanceOfCommonStock`	$30.00K	USD	Annual
Common stock issued for settlement of debt, amount	`ProceedsFromIssuanceOfCommonStock`	$180.00K	USD	Annual
Common stock issued for common stock payable, amount	`StockIssuedDuringPeriodValueNewIssues`	$162.00K	USD	Annual
Common stock issued for common stock payable, amount	`StockIssuedDuringPeriodValueNewIssues`	$477.00K	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	-	USD	Annual
Beneficial conversion feature	`BeneficialConversionFeature`	$117.76K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.29M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.20M	USD	Annual
Cumulative-effect adjustment from adoption of ASU 2020-06	`CumulativeEffectAdjustmentFromAdoptionOfAsu202006`	$-49.07K	USD	Annual
Stock option cashless exercised, amount	`StockOptionCashlessExercisedAmount`	-	USD	Annual
Balance, amount	`StockholdersEquity`	$-1.75M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Balance, amount	`StockholdersEquity`	$159.07K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.